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...students of the course do read some Galbraith, and they learn a little about tax reform and income redistribution. They spend some time on trade unions. Like its oft-revised textbook, Ec 10 has been modified and broadened over the years; neither course nor text presents a monolith of capitalist dogma. But the modifications are tacked-on afterthoughts. Ec 10's fundamental self-enclosed, self-absorbed system has not changed. The basic material is a maze of rules, jargon and graphs with a compelling internal logic of its own--but little link to economic reality. Students become so entranced...

Author: By Fred Hiatt, | Title: Spinach and Sandcastles | 2/17/1976 | See Source »

...Warren's Profession, Vanessa as the star of Ibsen's The Lady from the Sea. Might that box office competition strain family relations? "We'll get along fine, as long as we don't talk politics," says Lynn, who describes herself as a "liberal capitalist" while her sister belongs to the Trotskyite Workers' Revolutionary Party...

Author: /time Magazine | Title: People, Feb. 16, 1976 | 2/16/1976 | See Source »

...Grimes talked, Jeff Lessard, looking more out-of-breath schlemiel than on-the-move capitalist, in his work clothes and half-grown moustache, ambled over Bic's and Brigham's, the natural next to the corporate. Grimes put his arm around his employee's shoulder. "Someday," he said, smiling to the camera, "someday this man is going to take...

Author: By Fred Hiatt, | Title: The Brigham's Connection | 2/13/1976 | See Source »

...interlocking ties with the oil-producing countries favored by some Democratic party leaders in the US, by European governments and by some corporations with expanding interests in the region. The primary objection of the "hawks" to such liberal advocacy of increasing the oil producer's interests in the global capitalist system is that it does not envisage reinforcing economic incentives with military muscle. They argue that liberal economists make the fundamental mistake of assuming a world or rational men acting within the framwork of well-defined social and political assumptions. In the situation created by the energy crisis such assumptions...

Author: NO WRITER ATTRIBUTED | Title: The U.S. and the Persian Gulf: The Logic of Intervention | 2/12/1976 | See Source »

...marketing of oil to its restive allies. And while this crude threat is not to be overestimated--after all, it is not very likely that the US will threaten to turn off the taps to Japan, or even France--the point would be underlined that American leadership of the capitalist world cannot be questioned without serious hardship for the questioner. Implicit though it may remain, the message would be impossible to misread...

Author: NO WRITER ATTRIBUTED | Title: The U.S. and the Persian Gulf: The Logic of Intervention | 2/12/1976 | See Source »

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